...capitalists are always the enemies of capitalism, as Adam Smith, the 18th century political economist argued: People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which...

...rational stewardship of the environment. Issue 4 Imperfect Competition Is Big Business a Threat or a Boon? People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices. — Adam Smith, 1776 Every contract, combination in the form of...

...rate." (Smith (1775) S. 80). Für Zusammenschlüsse vertritt Smith (1775) S. 143 folgende Auffassung: „People of the same trade seldom meet together....conversation ends in a conspiracy against the public, or in some contrivance to raise prtces." Zusammenschlüssen wechselseitige Beziehungen.31 Als Bezeichnung...

...Medicine (1993) 172. "lb RR Faden and TL Beauchamp, A History and Theory of Informed Consent (1986) 63. "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Adam Smith, An Inquiry into the Nature and Causes of the Wealth...

...has been shaped by Adam Smith's famous observation, made in his 1776 book The Wealth of Nations, that "people of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices." What would he have thought about MasterCard and Visa? Tens of...

...In a famously cynical remark, Smith argues that firms will seek to restrict competition if they can: 'People of the same trade seldom meet together, even...the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices' (Smith 1976/1776: 145). Where one supplier captures...

...suspicious also of their social activities. 'People of the same trade seldom meet together,' he observed, 'even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.' 45 If only the masters could be kept apart and be deprived of...

...businesspersons are led to sabotage production in order to pump up their own profits. Smith's observation that "people of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices," becomes, for Veblen, the central principle of the culture.67...

...direct reference by Adam Smith to the ironmasters' meetings, but it is possible that his famous remark, 'People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices',5 had the ironmasters in mind. Be that as it may, certainly the...

...problem of anti-competitive behavior has been evident since the birth of economics: as Adam Smith put it, "People of the same trade seldom meet together, even...conversation ends in a conspiracy against the public, or in some contrivance to raise prices."1s When there is a lack of competition, the potential for abuses...